Will UPI transactions be chargeable?
Listen now
Description
The RBI's recent consultation paper regarding the possible revision of charges on digital transactions -- including UPI -- has become controversial. Many users were unhappy and took to social media to express their disappointment. The Centre, too, isn't happy. The Finance Ministry tweeted that UPI is a digital public good and that "there is no consideration in Govt to levy any charges for UPI services." But, why did the RBI want to review the charges in the first place? Also, can we now assume that the plan to levy a charge on UPI payments has been dropped?  Hamsini Karthik helps understand the issue better. Listen in.
More Episodes
For the first time in many years, the Genetic Engineering Appraisal Committee (GEAC) has cleared the environmental release for GM mustard. This is likely to make way for its commercial release in the near future. Back in 2002, BT Cotton was the last GM crop approved for commercial...
Published 10/27/22
Published 10/27/22
Delay in capital raising has placed Dhanlaxmi Bank under RBI’s tight monitoring. What led to the move, What would this mean for the bank in the coming months, and will this make the bank an easy acquisition target? Hamsini Karthik, tells us more regarding this increased monitoring of Dhanlaxmi...
Published 10/17/22